Question-and-Answer Session
Operator
(Operator Instructions) Our first question or comment is from the line of Edward Woo with Wedbush. Your line is open.
Edward Woo - Wedbush
Great. I just had some clarifying questions or housekeeping. The comps for music was minus 17; video sales, plus one and videogames was at plus 10; and electronics others was at plus 6?
Bob Higgins
Videogames was minus 10.
Edward Woo - Wedbush
Minus 10. Then percentage of total revenue was music 39, video 39, videogames 8 and others 14?
Jim Litwak
That's correct.
Edward Woo - Wedbush
Then on the videogames side, do you anticipate additional negative comps going forward particularly with the launch of Halo last year and what you are seeing in terms of hardware situation particularly with Nintendo?
Bob Higgins
Well. We anticipate that the game business will improve over the course of the balance of the year. We think hardware allocations will get a little bit better as we go into the fourth quarter that should benefit us more particularly as more of the stores will be closed, we are no longer up against in terms of the 600 stores now being in 400 stores. So, we see improvement there.
And, I know Halo was a pretty big title last year. There is a lot of good stuff coming for the balance of the year particularly that fit into the music category between Guitar Hero and Rock Band that we think we should be able to capitalize on. So, we feel more favorable in regards to where the game business is going for the second half of the year.
Edward Woo - Wedbush
What about your outlook for upcoming music titles or DVD movies?
Bob Higgins
For the music side we think that there are actually two things working in our favor there. We have seen the catalog business continuing to get better, when I say better, a lesser decline and it had been trending due to the remixing that we have done.
In regards of the new releases, the new releases in the third quarter look better than they did in the second quarter, and I will tell you that the new releases from what we are hearing and obviously not everything is confirmed yet. The new releases in the fourth quarter in music look absolutely terrific and far superior to last year.
Last year there were only four titles that really had resonated with all the consumers, and was Jay-Z, Alicia Keys, Mary J. Blige and Josh Groban's Christmas album. From what we are hearing now, there is a lot of great stuff that's going to be available for Q4, whether its Black Eyed Peas, Jay-Z, Eminem, U2, Beyonce, Dr. Dre, Hinder, 50 Cent. So, it looks really very powerful. So, we feel pretty good in regards to where the music, new releases are going.
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